Russia says the West has 'essentially stolen' its foreign currency and gold reserves as the EU eyes asset transfer to Ukraine

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image for Russia says the West has 'essentially stolen' its foreign currency and gold reserves as the EU eyes asset transfer to Ukraine

Russia accused the West on Monday of stealing from its currency and gold reserves.

Western sanctions have frozen $640 billion worth of Russian assets.

The European Council is considering transferring those assets to Ukraine.

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Russia accused the West of stealing from Moscow's currency and gold reserves on Monday thanks to sanctions that froze Russian assets.

In a statement to reporters discussing the prospect of the European Union's proposal to transfer the frozen Russian assets to Ukraine, spokesperson Dmitry Peskov said "a part large of our assets have been essentially stolen by specific Western countries."

The Western sanctions have blocked Russian access to roughly $640 billion worth cash and gold reserves in response to the Kremlin's February 24 invasion of Ukraine. Other US allies followed suit earlier this year, freezing $30 billion worth of assets held by Russian oligarchs in concert with $300 billion in Russian central bank funds.

The European Union is also considering transferring the Russian cash and gold to Ukraine, drawing criticism from the Kremlin.

Turbulent_Usual_5016 on October 24th, 2022 at 14:31 UTC »

Russia stole Romania's treasury in 1918. Everything is documented. They took it for safekeeping because of the war and never returned it.

"The Romanian Treasure (Romanian: Tezaurul României) is a collection of valuable objects and the gold reserves (~120 tonnes) of the Romanian government sent to Russia for safekeeping during World War I. After the Romanian Army entered Bessarabia, at the time part of the Russian Empire, in early 1918, the new Soviet government that managed to rule Russia severed all diplomatic relations and confiscated the Romanian Treasure. As of today, only part of the objects and none of the gold reserves have been returned.[1]"

https://en.wikipedia.org/wiki/Romanian_Treasure#:~:text=After%20the%20Romanian%20Army%20entered,gold%20reserves%20have%20been%20returned.

EDIT: Not only that but Russia systematicaly undermined Romanias industry in the '90s by bribing romanian russophile politicians that sold factories to russian billionaires on dimes, factories the went to scrap metal afterwards, so that romanian industry collapse because they were butthurt they lost their soviet empire and needed any nearby satellite states to stay poor and never get out of the russian mud. They still do that, they still fund russophile political parties in Romania, search for AUR political party.

ShareYourIdeaWithMe on October 24th, 2022 at 14:04 UTC »

Western sanctions have frozen $640 billion worth of Russian assets. The European Council is considering transferring those assets to Ukraine

Give them half today for the damage that's already done. Then $5b per day that the war continues on.

That'll give Putin maximum incentive to stop.

ObligatoryOption on October 24th, 2022 at 14:02 UTC »

It's just a special monetary operation.